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Swedish employers are giving a relatively optimistic job forecast for the second quarter, with large differences at the industry level. In a global comparison, Europe, with an overall job forecast of +20 percent, continues to lag behind both North America and Asia, which provide employment forecasts of +34 and +30 percent respectively. The global average is +25 percent.
Key Findings
Some optimism in the Swedish labour market ahead of the second quarter
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Swedish employers are giving a relatively optimistic job forecast for the second quarter. At the same time, there are large differences at the industry level – in the transport, logistics and automotive industries, the willingness to recruit is increasing sharply, while energy and utilities believe in a reduced workforce during the quarter.
Swedish industry forecasts
The difference between different industries is large. While the service industry, the IT industry, and the banking, finance, and real estate industries show strong confidence in the future with forecasts of over +20 percent, the energy and utilities industry believes in a reduced workforce, with a forecast of -8 percent. The telecom and media industry also gives an uncertain forecast of +3 percent.- Service industry and wholesale & retail trade, +26%
- Banking, finance and real estate industries, +24%
- IT industry, +23%
- Health, healthcare and life science, +22%
- Transport, logistics and automotive industry, +22%
- Raw materials, green industries, construction and service companies, defense industry, +21%
- Telecom and media industries, +3%
- Energy and public services, -8%
Industries with the Strongest Job Forecasts
- The service industry and the wholesale and retail trade, +26%
- The banking, finance and real estate industries, +24%
- The IT industry, +23%
- Health, healthcare and Life Sciences, +22%
The regions' employment forecasts
- Central Sweden (Södermanland, Västmanland, Värmland and Örebro counties), +28%
- Northern Sweden, +26%
- Östra Götaland, +25%
- Västra Götaland, +24%
- Stockholm and Uppsala region, +13%
- Skåne and Blekinge counties, +6%
Europe is falling behind
In a global comparison, Europe, with an overall job forecast of +20 percent, continues to lag behind both North America and Asia, which provide employment forecasts of +34 and +30 percent respectively. The global average is +25 percent, with strongest forecasts coming from:
- India, +43%
- United States, +34%
- Mexico, +33%
- Canada, +32%
- Costa Rica, +32%
- China, +32%